C3.ai founder Thomas Siebel returns as CEO after 8 months, company cuts $135M in costs

Filed May 12, 2026 · Period ending May 8, 2026 · ~1 min read

Key Changes

• high

  Thomas Siebel, 73, resumed CEO role effective May 8 after serving as Executive Chairman since September 2025; Stephen Ehikian transitions from CEO to President after 8-month tenure

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Company executed restructuring plan targeting $135M in annualized non-GAAP cost savings and equivalent cash burn reduction; workforce cuts substantially complete, non-employee expense reductions expected in H2 FY2027

  Exhibit 99.1 verify on EDGAR →
• high

  Q4 FY2026 revenue $51.6M (within guidance), non-GAAP operating loss $54.4M (better than $56-64M guidance); full-year revenue $250.3M, non-GAAP operating loss $217.8M (better than guidance)

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →